NYC negotiating to buy Astroland property

The Bloomberg administration is in serious negotiations to buy 10.5 acres of real estate in Coney Island, a move that would save both Astroland Park and the mayor's plans to revive the slumping seaside amusement district, The Post has learned. Developer Joe Sitt is ready to give up his controversial plan to build a $1.5 billion Vegas-style entertainment complex.

Read more from The New York Post and The New York Times.

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